Wednesday, August 28, 2013

JOY short day trade

$JOY has a very strong support at 48 and hence shorting it close to that target was risky and you can see why it is not going down. It is already down over 5% from prior close.
I shorted it seeing the weakness and added it to the position as it formed and exited close to 48 target. This was a close call trade... The trade was called on twitter / stocktwits as it was formed